First Majestic Silver (Ondo Tokenized) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 34091.2× the size of First Majestic Silver (Ondo Tokenized) (AGON) by market capitalisation. Over the past 30 days, MSTRX is ahead by 23.5 percentage points (AGON -12.6% against MSTRX +10.9%). Their daily returns move barely together (correlation 0.11 across 35 shared trading days). MSTRX has been the more volatile of the two, at 101% annualised against AGON's 69%.

Correlation: 0.11
Size ratio: 1 : 34091.2
Ahead over 30 days: MSTRX

First Majestic Silver (Ondo Tokenized)AGON

$15.6400

24h: +9.73%
Market cap: $3,666
Volume 24h: $156,371
Volatility (ann.): 69%

MicroStrategy xStockMSTRX

$129.3300

24h: -10.10%
Market cap: $124.97M
Volume 24h: $3.49M
Volatility (ann.): 101%

AGON 0.0%Share of the two combined market caps100.0% MSTRX

Performance

AGONMSTRX

7 days-7.00%+0.26%MSTRX
30 days-12.58%+10.88%MSTRX

Correlation

0.11over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0990d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	AGON	MSTRX
Max drawdown (400d)	-16.9%	-18.3%
Risk-adjusted return (90d)	0.14	0.38

Relative strength over 90 days: MSTRX outperformed AGON by 43.2% — measured on the AGON/MSTRX ratio, so it holds regardless of market direction.

First Majestic Silver (Ondo Tokenized) →MicroStrategy xStock →